by welsh-tax | Dec 20, 2023 | Accounting, Australian Taxation Office, Finance, Taxation
The Small Business Technology Investment Boost is a tax incentive program that provides small businesses with an aggregated annual turnover of less than $50 million and an additional 20% tax deduction to support their digital operations and digitize their operations....
by welsh-tax | Nov 29, 2023 | Accounting, Australian Taxation Office, Taxation
With recent interest rate rises and the cost of living on the increase we are witnessing the effect it is having on taxpayers. In our experience many taxpayers rely on tax refunds as forced savings to assist with covering the cost of living. Unfortunately, a blow to...
by welsh-tax | Jun 28, 2023 | Accounting, Australian Taxation Office, Taxation
To set up a MyGov account, you can follow these general steps: Visit the official MyGov website https://my.gov.au/en/create-account/. MyGov is a platform used by several countries, so make sure you’re on the correct website for your country. Look for the...
by welsh-tax | May 4, 2023 | Accounting, Australian Taxation Office, Taxation
The Australian Taxation Office has changed one method for claiming working-from-home deductions for the 2023 income year. From 1st July 2022 to 28 July 2022, the ATO will accept a representative 4-week diary of your hours. From 1st March 2023, a record of all hours...
by welsh-tax | Mar 2, 2023 | Accounting, Australian Taxation Office, Super Guarantee Threshold, Superannuation, Taxation
If you are a monthly superannuation payer you must pay your super guarantee by the 28th day of the following month. To ensure that super is paid by the due date we would suggest making payments no later than 21st Month that it is due. Jan 28th for December Super Feb...
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